First-Time Buyer Event at Dagenham Green: Expert Advice for Buying Your First Home in East London
Thinking about buying your first home? Our recent First-Time Buyer Event at Dagenham Green gave attendees the confidence and practical advice they need to take that exciting next step.
The relaxed, informative session brought together local property experts, mortgage advisors from Torc24, and solicitors from PCS Legal, all ready to answer questions and offer guidance. Guests also enjoyed drinks, nibbles, and the chance to chat with people who truly understand the homebuying process.
Key Takeaways from the Event
- Buying your first home isn’t as scary as you think – With expert help, you’ll have the right guidance at every stage.
- Preparation is everything – Get your paperwork ready and understand your budget early.
- Seek professional advice – Speaking to mortgage and legal experts helps you make confident, informed decisions.
Contact us today to see how we can help.
Mortgage Advice for First-Time Buyers
Buying your first home in East London doesn’t have to be daunting. The experts from Torc24 shared practical tips and insight for anyone thinking about purchasing a flat in Dagenham or similar new-build property:
- You can buy with just a 5% deposit – Many high-street lenders now offer 95% mortgages on new-build homes, including apartments at Dagenham Green. Family gifts or joint applications with parents can help increase affordability.
- Base rate cuts are helping buyers – With recent base rate drops, fixed mortgage rates have reduced and lenders are offering higher income multiples, sometimes up to 6–7 times your salary, making homeownership more achievable.
- Get ‘mortgage ready’ early – Have your last three payslips, bank statements, and credit report ready. Torc24 can carry out a free, soft credit check and provide an agreement in principle without affecting your score.
- Don’t assume you can’t buy – Many first-time buyers underestimate their affordability. Speaking to a mortgage expert early helps you understand what’s possible.
Legal Insights from PCS Legal
For many buyers, the legal side can seem overwhelming. PCS Legal were on hand to simplify the process and share key tips for anyone exploring homes for sale in East London or reserving a property at Dagenham Green:
- Budget for the full cost of buying – Beyond your deposit, remember to plan for Stamp Duty, legal fees, moving costs, service charges, and insurance. At Dagenham Green, we’ll open up every possibility to help you buy with us.
- Instruct your lawyer early – Once you reserve your home, instruct your solicitor immediately to begin ID and AML checks and avoid delays.
- Understand when Stamp Duty is due – It’s payable on or before completion, with your legal team submitting the return and payment within 14 days.
- Stay informed and connected – PCS Legal provide clear, concise communication throughout the purchase to make the process smooth and stress-free.
Meeting a solicitor at an event like this gives buyers a head start, early advice on topics like gifted deposits and Trust Deeds helps you prepare with confidence.
Discover Flats in Dagenham at Dagenham Green
If you’re looking for flats in Dagenham, Dagenham Green offers a collection of modern, energy-efficient new homes designed for first-time buyers. Perfectly located in East London, this vibrant new neighbourhood combines excellent transport links, open green spaces, and contemporary living.
Missed our event? Don’t worry our team is always available to guide you through your first purchase and help you find the perfect home.
Explore our latest homes for sale in East London and discover more about Dagenham Green.
